There are two things that are well known about Mark Cuban: He knows how to treat players and he knows how to party.

Both came to a head on Wednesday night, when Cuban's Mavericks signed restricted free agent Chandler Parsons to a three-year offer sheet worth more than $45 million. Parsons signed the deal at a club near his home in Florida and then proceeded to party with his potential boss, according to ESPNDallas.com.

The Rockets still have the ability to end Parsons' opportunity to play for Cuban and the Dallas Mavericks, as they retain the right to match the offer sheet. They have three days to decide whether they will bring Parsons back to Houston on a $15 million per year deal. Either way, Parsons, one of the NBA's best bargains last year, will still play on a playoff team and receive a considerable pay raise.